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5 Jiao - Guangxu Pei Yang Arsenal, type 2

Issuer Pei Yang Arsenal Mint
Year 1897-1898
Type Standard circulation coin
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Reverse description Central device depicts a sinuous five-clawed Imperial dragon in high relief, facing front with head raised, clutching a flaming pearl beneath its body amid stylized clouds and flames. The dragon's scales, whiskers, and claws are rendered with fine detail characteristic of late Qing minting craft. The surrounding field is plain, focusing visual weight on the dragon motif. The outer legend, in Latin script, reads clockwise along the upper periphery: TA. TSING. TWENTY. FOURTH. YEAR. OF. KWANG. HSU., and along the lower periphery: PEI. YANG. ARSENAL., with star stops separating the legend segments. The rim is defined by a milled border consistent throughout.
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Reverse lettering TA. TSING. TWENTY. FOURTH. YEAR. OF. KWANG. HSU. PEI. YANG. ARSENAL.
(Translation: Great Qing / 24th year of Guangxu / Pei Yang Arsenal)
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Additional information

The Pei Yang Arsenal Mint at Tianjin was established under Li Hongzhang's Beiyang administration as part of the Self-Strengthening Movement's push to modernize China's monetary infrastructure. By the mid-1890s, provincial mint competition had become fierce, with Canton, Hubei, and others all striking machine-made silver — Pei Yang was a relative latecomer pressing to establish relevance.

The Type 2 distinction in this series tracks a revision to the reverse die, catalogued separately under L&M 445. Short-lived production across 1897–1898 keeps genuine survivors scarcer than their Hubei contemporaries in comparable grades.

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